The retailer Blockbuster is understood to be rolling out a standalone chain of games stores, a year after it sold its video games arm, Game Station, to Game Group.

The launch will aim to help Blockbuster secure a share of the burgeoning games sector. But a spokeswoman for the retailer declined to comment on the move, saying/ “We are not allowed to talk about company strategy.”

Last week, Blockbuster chief executive James Keyes talked about the company making a “bigger push” into video games and entertainment retail as he revealed its first quarter results. The US-owned company announced a net income of $45.4m (£23.1m) for the three months to April 6, compared with a prior-year net loss of $49m (£24.9m).

The move is likely to follow the $1.1bn (£550m) alliance between the world’s biggest electrical goods retailer BestBuy and Carphone Warehouse, which will see huge US-style stores opening Read more » »

Shares of GameStop were down $4.76, or 9.4%, to $46.09 in recent trading.

Profit for the quarter was $62.1 million, or 37 cents a share vs. $24.7 million, or 15 cents a share, a year earlier. Excluding items, the company earned 38 cents a share, beating analysts’ expectations by 3 cents a share.

Revenue increased 41.8% to $1.81 billion, surpassing analysts’ expectations of $1.75 billion for the quarter.

Comparable-store sales increased 27.1% during the first quarter.

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Bad financial news from the U.S. airline industry will almost certainly mean higher ticket prices for passengers soon.

Delta and Northwest airlines on Wednesday became the last of the five biggest domestic carriers to report first-quarter losses — deficits that airline executives and analysts blame on fuel that costs too much and tickets that sell for too little.

“You’ll have higher fares,” said Vaughn Cordle, a Washington-based analyst for AirlineForecast. “It’s an ugly picture out there.”

Atlanta-based Delta lost $274 million, or 69 cents a share, in the three-month period that just ended, while Eagan, Minn.-based Northwest lost $191 million, or 73 cents a share.
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More than 70 vintage aircraft will take flight for the third annual Goodwood Aero Club Vintage Fly-In and Air Display at the historic ex Battle of Britain airfield over the spring bank holiday Sunday and Monday (May 25 and 26).

The line-up will in clude a squadron of first world war bi-planes and a number of iconic second world war aircraft that flew from the site, including the legendary Spitfire.

For fans of jet-powered aircraft there will be an air display by a Hawker Hunter, Britain’s first native transonic fighter, designed in 1948 by Sir Sydney Camm.

Despite some initial teething troubles, the Hunter went on to huge success, with almost 2,000 examples being built, ultimately serving with more than a dozen air forces all around the world.
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Goodwood Aero Club Vintage Fly-In and Air Display, being held over the May Bank Holiday weekend of Sunday 25 and Monday 26 May at the historic ex-Battle of Britain airfield.

Amongst the many aircraft in attendance and displaying in the West Sussex skies will be the Great War Display Team, buzzing around in an exhilarating dogfight, recreated in First World War Sopwith and Fokker biplanes and tri planes.

Contrasting with these small yet excitingly agile aircraft will be a huge Douglas DC-6A Cloud master, the legendary 1950s airliner which is widely regarded as the best piston-engined commercial aircraft. The 1958-built example at Goodwood – call sign Sierra Alpha – has had a long career flying all over the world, and more recently has had a cameo role in 007’s Casino Royale film. Read more » »

Puberty’s rough on a growing boy’s heart - risk of heart disease. It not just because of the roller coaster of testosterone-induced crushes that don’t always pan out as hoped. During adolescence, boys experience silent physiological changes that leave them at a higher risk of heart disease than their female counterparts for the remainder of their lives.

Men’s blood pressure and triglyceride levels increase during adolescence, even as their beneficial HDL cholesterol levels fall, Antoinette Moran, a pediatric endocrinologist at the University of Minnesota Children’s Hospital in Minneapolis, found after tracking 507 teens. In contrast, teenage girls experience decreases in triglycerides and an increase in HDL. You can click here to read more about the study, which was published in the journal Circulation.

A rare computer virus case involving the Managing Director and an employee of Trans World Movers, a freight moving company, will procede for trial after a Colombo Magistrate upheld an objection by the complainant over the Attorney General intervening in the case.

The Attorney General had sought to discharge the accused without trial by terminating the proceedings. Counsel for complainant, Global Trans World Relocation had challenged the AG’s orders. Colombo Magistrate Manjula Thilakaratne issued this order considering an application made by Counsel Jeevantha Jayathilake and assisted by his junior Thilanka Polgampola who watched the interest of the aggrieved party.

The suspects Suresh Marcellus, Managing Director and Rohitha Silva, an employee of Trans who are on bail, had allegedly ‘transmitted’ a virus to the computer of Global Trans World Relocation of Modera by an email with the intention of destroying the system and decoding the computer. The Modera Police and the IT division of Police headquarters conducted investigations. Read more » »